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1501 S Yale St 2,200 - 6,029 SF Office/Medical Condo Units Offered at $595,000 - $1,600,000 Per Unit in Flagstaff, AZ 86001
INVESTMENT HIGHLIGHTS
- High demand for professional office space in this area
- Desirable medical space build-out with strong community growth and increasing NAU population
- Two blocks from Northern Arizona University; surrounded by medical, professional, and retail uses
- Fully leased CNDOS through 2030 & 2031 with established tenantS
EXECUTIVE SUMMARY
Located within an established medical and professional complex in the heart of Flagstaff, this second-floor office condominium offers a highly functional and attractive setting for healthcare and professional services. The space is part of a multi-tenant building designed for upscale medical and office use, featuring quality finishes and a layout that supports patient care and administrative efficiency. Positioned just two blocks from Northern Arizona University and near Milton Road, the property provides excellent visibility and convenient access for clients and staff. Surrounding businesses include medical specialists, architects, and healthcare providers, creating a collaborative environment for professional practices. Adequate shared parking, governance by the Yale Plaza Owners Association, and proximity to retail centers and residential neighborhoods further enhance the appeal of this location for tenants seeking a well-connected, professional setting in a growing community.
PROPERTY FACTS
| Total Building Size | 12,249 SF | Typical Floor Size | 6,125 SF |
| Property Type | Office | Year Built | 2008 |
| Property Subtype | Medical | Lot Size | 0.11 AC |
| Building Class | B | Parking Ratio | 3.92/1,000 SF |
| Floors | 2 | ||
| Zoning | Commercial - Commercial | ||
| Total Building Size | 12,249 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 6,125 SF |
| Year Built | 2008 |
| Lot Size | 0.11 AC |
| Parking Ratio | 3.92/1,000 SF |
| Zoning | Commercial - Commercial |
AMENITIES
- Reception
- Drop Ceiling
- Air Conditioning
2 UNITS AVAILABLE
Unit 150-152
| Unit Size | 6,029 SF | Sale Type | Investment |
| Price | $1,600,000 | Cap Rate | 7.13% |
| Price Per SF | $265.38 | NOI | $114,080 |
| Condo Use | Office/Medical |
| Unit Size | 6,029 SF |
| Price | $1,600,000 |
| Price Per SF | $265.38 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 7.13% |
| NOI | $114,080 |
SALE NOTES
This professional office condominium space is located in an upscale multi-floor medical/professional office building and surrounded by similar medical/professional use. Located just off Milton Road and two blocks from Northern Arizona University, the building is well situated in the heart of Flagstaff.
The 6,029 square foot first floor is part of a larger 12,356 square foot medical office building in a medical and professional complex at the southeast quadrant of Yale Street and Plaza Way. Complex occupants include medical doctors, architects, ophthalmologists, medical testing and home healthcare.
Suites 150 and 151 are combined into one space and will be occupied through April 30, 2031. The lease renewal included a TI allowance of $18,000 to replace the flooring, which will be paid in full by the Seller. Suite 152 is currently occupied as medical space through December 31, 2025.
1st Floor
Unit 250
| Unit Size | 2,200 SF | Sale Type | Investment |
| Price | $595,000 | Cap Rate | 7.08% |
| Price Per SF | $270.45 | NOI | $42,139 |
| Condo Use | Office/Medical |
| Unit Size | 2,200 SF |
| Price | $595,000 |
| Price Per SF | $270.45 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| NOI | $42,139 |
DESCRIPTION
This office condominium is ideally positioned in a well-established, upscale medical/professional complex at Yale Street and Plaza Way, just two blocks from Northern Arizona University. The office space offers excellent visibility and accessibility.
SALE NOTES
This professional office condominium space is located in an upscale multi-floor medical/professional office building and surrounded by similar medical/professional use. Located just off Milton Road and two blocks from Northern Arizona University, the building is well situated in the heart of Flagstaff.
The ±2,200 square foot second floor condominium is part of a larger 12,356 square foot medical office building in a medical and professional complex at the southeast quadrant of Yale Street and Plaza Way. Complex occupants include medical doctors, architects, ophthalmologists, medical testing and home healthcare.
The current chiropractic tenant has occupied Suite 250 since 2010 and has leased the space through October 11, 2030.
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1501 S Yale St
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